International Game Technology (IGT) Hits New 52-Week High at $23.18
International Game Technology (NYSE:IGT)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $23.18 and last traded at $22.98, with a volume of 462,695 shares changing hands. The stock had previously closed at $22.94.
Several equities analysts recently commented on IGT shares. Bank of America Corp. reiterated a “buy” rating on shares of International Game Technology in a research note on Wednesday, June 22nd. Sterne Agee CRT reiterated a “hold” rating on shares of International Game Technology in a research note on Sunday, May 29th. Telsey Advisory Group boosted their price target on International Game Technology from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Finally, Macquarie initiated coverage on International Game Technology in a research report on Tuesday, June 14th. They set an “outperform” rating and a $26.00 price target for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $21.42.
The stock has a market capitalization of $4.62 billion and a PE ratio of 76.25. The stock’s 50 day moving average price is $21.00 and its 200-day moving average price is $18.21.
International Game Technology (NYSE:IGT) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The company earned $1.29 billion during the quarter, compared to analyst estimates of $1.26 billion. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the company posted $0.38 EPS. On average, analysts forecast that International Game Technology will post $1.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, August 8th. This represents a $0.80 annualized dividend and a dividend yield of 3.49%.
A hedge fund recently raised its stake in International Game Technology stock. Rhumbline Advisers boosted its stake in International Game Technology (NYSE:IGT) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,907 shares of the company’s stock after buying an additional 610 shares during the period. Rhumbline Advisers’ holdings in International Game Technology were worth $1,034,000 at the end of the most recent reporting period.
International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. The Company is a supplier of gaming entertainment products worldwide.